Oil prices nudged higher on Wednesday on rising tensions in the Persian Gulf, a sharp fall in US crude stocks and positive signs on Sino-US talks, although worries about weak demand kept a cap on gains.
News ID: 5483 Publish Date : 2019/07/25
Fortescue Metals Group - world's 4th largest iron ore producer has reduced the sub-grade iron ore discount for SSF (super special fines) for Aug’19. SteelMint has learned from the market participants that FMG lowered its discount stable for SSF low-grade fines for the month of Aug’19 to 6% from 7% in Jul’19.
News ID: 5473 Publish Date : 2019/07/25
This week Chinese steel prices remained volatile since the Chinese government announced stringent production curbs in Tangshan region to control surplus capacity in China. Meanwhile the govt also extended the production curbs till Oct’19. However despite rebound in domestic steel prices, nation’s export offers continue to remain soft over thin trades from overseas buyers.
News ID: 5470 Publish Date : 2019/07/25
Britain, France, Germany, Russia and China will meet Iran in Vienna on July 28 to discuss how to save the 2015 nuclear deal between Tehran and world powers, the EU’s foreign policy service said in a statement on Tuesday.
News ID: 5443 Publish Date : 2019/07/24
China continues to expand its polyethylene terephthalate (PET) bottle chip production capacity with producers Yisheng Petrochemical, China Resources and Wankai all having expansion projects close to completion.
News ID: 5439 Publish Date : 2019/07/23
Jingtang and Caofeidian ports in north China's Tangshan steel production hub have prevented trucks not meeting stricter fuel emissions standards from transporting goods over 22-29 July, adding to supply disruptions.
News ID: 5438 Publish Date : 2019/07/23
Seaborne iron ore pellet prices in China slipped this week, as a sharp decline in seaborne lump prices cut into demand for Indian pellet.
News ID: 5437 Publish Date : 2019/07/23
Iron ore prices have surged since April, but this has had little impact on European ferrous scrap prices and is likely to provide only limited support in the coming two to three months.
News ID: 5435 Publish Date : 2019/07/23
China aims to list a new 0.5pc sulphur marine fuels futures contract by the end of this year.
News ID: 5434 Publish Date : 2019/07/23
China National Offshore Oil Co (CNOOC) has signed an agreement with Abu Dhabi National Oil Co (ADNOC) on upstream exploration and development, oil refining and liquefied natural gas trade, ADNOC said on Monday.
News ID: 5414 Publish Date : 2019/07/23
Chinese companies are looking to buy agricultural products from the US, potentially giving a boost to stalled trade talks between the two countries.
News ID: 5383 Publish Date : 2019/07/22
China's ferrous scrap prices have risen to new 2019 highs, as high utilisation rates for electric arc furnaces (EAFs) and new restrictions on imports took effect from 1 July.
News ID: 5382 Publish Date : 2019/07/22
According to the latest data from the China Association of Automobile Manufacturers (CAAM), production and sales of motorcycles in June improved across China both year-on-year, as well as month-on-month basis.
News ID: 5370 Publish Date : 2019/07/21
Continuous downturn in China’s new vehicle market for last four quarters has created cash crunch for a number of automakers, a report from Automotive News China says.
News ID: 5369 Publish Date : 2019/07/21
Ma’anshan Iron & Steel Co., Ltd. (Masteel) in China has been investing in upgrading production facilities and has now awarded Fives a turnkey contract to revamp a continuous galvanizing line (CGL) to produce new quality coated products.
News ID: 5340 Publish Date : 2019/07/20
On July 5, 2019, the Vice Minister of MIIT, Xin Guobin, cochaired with the French Ministry of Economy and Finance, Thomas Courbe, the 7th Sino-French Industrial Cooperation Forum held in Chongqing.
News ID: 5308 Publish Date : 2019/07/19
According to Shanghai Metals Market, demand for photovoltaic-use (PV-use) aluminium extrusion is likely to stay strong across China in the second half of the year, as the National Energy Administration (NEA) released on Thursday, July 18, the remaining quotas for residential solar qualifying for a 2019 subsidy, which was at 1.27GW.
News ID: 5306 Publish Date : 2019/07/19
Gränges’ production plant in Shanghai, China, has been certified against Aluminium Stewardship Initiative’s (ASI) Performance Standard for responsible production, sourcing and stewardship of aluminium. The facility produces aluminium strips and plates for the auto industry.
News ID: 5305 Publish Date : 2019/07/19
Ferro Chrome producers remain pessimistic as the prices fall to a new low each week. Demand for Ferro Chrome is dull in the domestic as well as global market due to bearish Stainless Steel demand.
News ID: 5301 Publish Date : 2019/07/19
Kuwait-based Equate Petrochemical, which operates Kuwaiti styrene producer TKSC, has restarted its 450,000 t/yr styrene monomer (SM) unit a week earlier than expected.
News ID: 5297 Publish Date : 2019/07/18
